June 29, 2007 - The FRB has issued a final rule excepting transactions of $15 or less from requirement that receipts be made available to consumers for transactions at electronic terminals. http://www.federalreserve.gov/newsevents/press/bcreg/20070628a.htm
June 29, 2007 - The Federal Open Market Committee (FOMC) has announced its decision to keep the target for the federal funds rate at 5-1/4 percent. http://www.federalreserve.gov/newsevents/press/monetary/20070628a.htm
June 28, 2007 - The FRB has published the Second Quarter 2006 Report on the Condition of the U.S. Banking Industry. http://www.federalreserve.gov/pubs/bulletin/2007/bankindustryq2.pdf
June 27, 2007 - The FDIC has issued a FIL that announces starting July 9, 2007 participating state bank regulators will have access to the FDICconnect Examination File Exchange system. Financial institutions are encouraged to use the system to quickly and securely transmit examination information to the FDIC and/or their state regulator. http://www.fdic.gov/news/news/financial/2007/fil07053.html
June 27, 2007 - The OCC has issued a Bulletin concerning the rescission of Bulletin 2000-26 and issuance of a revised guidance that clarifies the OCC's capital and liquidity policy for national trust banks (NTBs). http://www.occ.treas.gov/ftp/bulletin/2007-21.html
June 27, 2007 - An Insights report on the subject of "Foreclosure Prevention: Improving Contact with Borrowers" has been published by the OCC. http://www.occ.gov/cdd/Foreclosure_Prevention_Insights.pdf
June 27, 2007 - The FRB has announced changes beginning in 2008 to check operations as a result of the shift from using paper checks toward electronic payments. In order to increase check service efficiency, some regional check processing sites will have their operations scaled back. The scaled-back sites will all print substitute checks, but some will also capture paper checks. http://www.federalreserve.gov/newsevents/press/other/20070626a.htm
June 26, 2007 - The revised Branches and Relocations booklet is now posted on the OCC Web site for immediate use. It no longer requires a Messenger Service/Mobile Branch log. http://www.occ.treas.gov/corpbook/group2/public/pdf/branches.pdf
June 25, 2007 - FinCEN has released a Fact Sheet that contains data concerning the effectiveness and efficiency of the Bank Secrecy Act (BSA). http://www.fincen.gov/bsa_fact_sheet.pdf
June 25, 2007 - The FRB has published the June 2007 E.15 Agricultural Finance Databook which contains data regarding the amount and characteristics of farm loans made by commercial banks, selected statistics from the quarterly reports of condition of commercial banks, and the Reserve Bank surveys of farm credit conditions and farm land values. http://www.federalreserve.gov/Releases/E15/default_2007.htm
June 22, 2007 - The FFIEC has posted online downloadable software that contains the HMDA and CRA MSA/MD changes for calendar year 2007. http://www.ffiec.gov/software/default.aspx
June 22, 2007 - Issue 8 of the SAR Activity Review - By The Numbers has been published by FinCEN. http://www.fincen.gov/sars/btn_8/sar_btn_Issue8.pdf
June 21, 2007 - The FFIEC has issued a memorandum explaining how financial institutions can receive HMDA and CRA data edit reports via email. http://www.ffiec.gov/hmda/pdf/emailaccount.pdf
June 20, 2007 - The FDIC has approved a two year pilot project to review affordable and responsible small dollar loan programs in financial institutions. The project is designed to assist bankers by identifying information on replicable business models for affordable small-dollar loans. http://www.fdic.gov/news/news/press/2007/pr07051.html
June 20, 2007 - The FRB has made available online a mortgage comparison calculator that consumers can use to compare monthly mortgage payments and the amount of equity they will build for up to six types of fixed and adjustable rate mortgages. https://www.federalreserve.gov/apps/mortcalc/
June 19, 2007 - The Federal Reserve has posted the new reference rates that lenders must use to determine if loans for which applications are received in July 2007 will be subject to HOEPA under the APR trigger test. Use the FRB H.15 to find the applicable release which lists the Treasury security with the same maturity term as your loan. To make the calculation, you use the yield in effect on the 15th of the month that precedes the month you received the application. http://www.federalreserve.gov/releases/h15/Current/ and http://www.federalreserve.gov/releases/h15/update/
June 19, 2007 - The OCC has scheduled two workshops for community bank directors on the following topics: "Compliance Risk: What Directors Need to Know," on July 17, 2007, and "Credit Risk: A Director's Focus," on July 18, 2007. http://www.occ.treas.gov/ftp/release/2007-59.htm
June 19, 2007 - The First Quarter 2007 issue of the FDIC Quarterly has been published. The Quarterly is a new publication that consolidates research and information that was previously available in the FDIC Outlook, the FDIC Banking Review, and the Quarterly Banking Profile. http://www.fdic.gov/bank/analytical/quarterly/index.html
June 18, 2007 - The FRB has published the semi-annual update to the Commercial Bank Examination Manual. http://www.federalreserve.gov/boarddocs
/supmanual/supervision_cbem.htm
June 18, 2007 - The FRB Financial Services has published the June 15, 2007 issue of FedFlash. http://www.frbservices.org/FedFlash/2007/061507/FedFlash061507.pdf
June 15, 2007 - The FDIC has posted online the State Profiles for the First Quarter 2007 with data sheets summarizing the banking and economic conditions for each state. http://www.fdic.gov/bank/analytical/stateprofile/index.html
June 14, 2007 - Guidance has been issued by FinCEN regarding two topics: Suspicious Activity Reporting (SAR) Documentation and Requests by Law Enforcement for Financial Institutions to Maintain Accounts. http://www.fincen.gov/Supporting_Documentation_Guidance.pdf and http://www.fincen.gov/Maintaining_Accounts_Guidance.pdf
June 14, 2007 - FinCEN has updated the Money Services Businesses (MSB) list with data current as of May 9, 2007. The list now contains information on 32,595 MSBs. http://www.msb.gov/pdf/msb_registration_list.pdf
June 13, 2007 - The federal banking regulators have issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. http://www.federalreserve.gov/newsevents/press/bcreg/20070612b.htm
June 12, 2007 - The four Federal financial institution regulatory agencies are hosting a conference at the Miami Beach Resort and Spa in Miami Beach, Florida, from July 31- August 2, 2007, for minority depository institutions (MDIs) on the challenges and issues facing the MDI segment of the banking industry. https://fdic.inquisiteasp.com/cgi-bin/qwebcorporate.dll?SBA4RQ
June 11, 2007 - The OCC will host workshops for national community bank directors at the Arrowwood Conference Center, Alexandria, Minnesota, July 10-12. Three workshops will be held on consecutive days on risk assessment ("Understanding the OCC's Risk Assessment Process"), compliance risk ("Compliance Risk: What Directors Need to Know"), and credit risk ("Credit Risk: A Director's Focus"). http://www.occ.treas.gov/conference.htm
June 7, 2007 - The OCC has issued an Alert regarding fictitious emails, faxes, and regular mail items circulating worldwide that claim to be authored by the OCC. http://www.occ.treas.gov/ftp/alert/2007-31.html
June 7, 2007 - FinCEN has updated the 314(a) Fact Sheet and the Law Enforcement Information Sharing with the Financial Industry Report with data current as of June 5, 2007. http://www.fincen.gov/314afactsheet.pdf and http://www.fincen.gov/leinfosharing.pdf
June 6, 2007 - The FDIC has issued a Special Alert regarding fraudulent letters appearing to be from the FDIC that are being faxed to financial institutions. http://www.fdic.gov/news/news/SpecialAlert/2007/sa07140.html
June 6, 2007 - The FRB has issued a summary of the previously released guidance relating to requirements for a retail sweep program under the Board's Regulation D. http://www.federalreserve.gov/boarddocs
/legalint/federalreserveact/2007/20070501/20070501.pdf
June 4, 2007 - The federal bank and thrift regulatory agencies have made available online the 2007 list of distressed or underserved nonmetropolitan middle-income geographies in which bank revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." http://www.ffiec.gov/cra/examinations.htm
June 4, 2007 - Treasury has issued its June 1, 2007 economic update. http://www.treas.gov/press/releases/reports/treasuryeconupdate06012007.pdf
June 4, 2007 - The June 1, 2007 issue of FedFlash has been published. http://www.frbservices.org/FedFlash/2007/060107/FedFlash060107.pdf
June 4, 2007 - The May 2007 New Electronic Interpretations and Actions have been announced by the OCC. http://www.occ.treas.gov/interp/may07/intmay07.htm
June 1, 2007 - The federal bank regulatory agencies have issued final illustrations of consumer information intended to help institutions implement the consumer protection portion of the Interagency Guidance on Nontraditional Mortgage Product Risks that the agencies adopted October 4, 2006. http://www.federalreserve.gov/newsevents/press/bcreg/20070531a.htm
